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Thursday, January 17, 2019

Federal Bank Q3 net profit rises 28% YoY to Rs 333.63 crore; NII up 13%

reported a rise of 28 percent (year-on-year) in its net profit for the December quarter at Rs 333.63 crore from Rs 260 crore last year.
The Kochi-based lender also posted a growth of 13 percent (YoY) in its net interest income to Rs 1,077.3 crore against Rs 950 crore posted last year. For the uninitiated, the difference between interest earned and spent is known as net interest income.
Other income reported by the bank stood at Rs 345.5 crore against Rs 228.6 crore last year.
Source:https://www.moneycontrol.com/news/business/markets/federal-bank-q3-net-profit-rises-28-yoy-to-rs-333-63-crore-nii-up-13-3402431.html

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